Wasatch Advisors Inc. increased its stake in shares of Fabrinet (NYSE:FN) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 572,294 shares of the technology company’s stock after buying an additional 4,657 shares during the quarter. Wasatch Advisors Inc.’s holdings in Fabrinet were worth $16,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FN. Schwab Charles Investment Management Inc. lifted its position in Fabrinet by 5.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 212,410 shares of the technology company’s stock valued at $9,062,000 after purchasing an additional 11,664 shares during the period. Swiss National Bank lifted its position in Fabrinet by 19.2% in the second quarter. Swiss National Bank now owns 61,540 shares of the technology company’s stock valued at $2,625,000 after purchasing an additional 9,900 shares during the period. Alliancebernstein L.P. lifted its position in Fabrinet by 3.3% in the second quarter. Alliancebernstein L.P. now owns 47,300 shares of the technology company’s stock valued at $2,018,000 after purchasing an additional 1,500 shares during the period. Riverhead Capital Management LLC lifted its position in Fabrinet by 68.5% in the second quarter. Riverhead Capital Management LLC now owns 2,864 shares of the technology company’s stock valued at $122,000 after purchasing an additional 1,164 shares during the period. Finally, Teachers Advisors LLC lifted its position in Fabrinet by 15.4% in the second quarter. Teachers Advisors LLC now owns 424,103 shares of the technology company’s stock valued at $18,092,000 after purchasing an additional 56,700 shares during the period. 94.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fabrinet (FN) opened at $29.11 on Thursday. Fabrinet has a 12-month low of $28.35 and a 12-month high of $49.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.85 and a current ratio of 2.70. The stock has a market cap of $1,090.00, a P/E ratio of 11.60, a PEG ratio of 1.09 and a beta of 1.00.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, November 6th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.07). Fabrinet had a net margin of 6.60% and a return on equity of 14.35%. sell-side analysts anticipate that Fabrinet will post 2.22 earnings per share for the current year.

In related news, insider David T. Mitchell sold 8,600 shares of Fabrinet stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $30.02, for a total transaction of $258,172.00. Following the completion of the transaction, the insider now directly owns 111,057 shares in the company, valued at approximately $3,333,931.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David T. Mitchell sold 50,000 shares of Fabrinet stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $30.93, for a total value of $1,546,500.00. Following the transaction, the insider now owns 111,057 shares of the company’s stock, valued at $3,434,993.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,600 shares of company stock valued at $3,306,172. Insiders own 3.30% of the company’s stock.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Fabrinet from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Needham & Company LLC restated a “buy” rating on shares of Fabrinet in a research report on Thursday, October 12th. B. Riley reduced their price objective on shares of Fabrinet from $46.50 to $42.50 and set a “buy” rating for the company in a research report on Friday, November 3rd. JPMorgan Chase & Co. downgraded shares of Fabrinet from an “overweight” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Tuesday, November 7th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Fabrinet in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $46.42.

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Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test.

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Institutional Ownership by Quarter for Fabrinet (NYSE:FN)

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